Bitcoin slipping below $60,000 could push it into the mid-$50,000sA novelty Bitcoin token arranged in Hong Kong, China, on Dec 5, 2024. (File photo: Bloomberg)SINGAPORE — Bitcoin sank in early Asia trading on Friday, extending a selloff that had already erased all the gains booked by the token since United States President Donald Trump’s 2024 election victory. It later pared those losses and was up by more than 2% to over $64,400 by 9.12am in Singapore. The selling has picked up steam this week in line with the unwinding of leveraged bets and broader market turbulence. Traders are now focused on whether Bitcoin can hold $60,000, Lucas said.

Source: Bangkok Post February 06, 2026 15:05 UTC